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Kuwait's central bank governor resigned after 25 years in the post on Monday, protesting against a rapid rise in government spending, but his departure may be linked to political change in the oil-rich state and not any immediate economic crisis.
February 13, 2012 2:29
Syria's central bank will intervene to prop up its currency - which has plunged under the mounting pressure of sanctions and violence - and has the reserves to back that strategy, Kuwaiti state news agency KUNA cited governor Adib Mayaleh as saying on Monday.
February 6, 2012 3:00
The UAE central bank is finalising rules that would cap the interest rate banks charge on credit cards at 18 percent annually to curb bad loans, Al Khaleej newspaper reported on Tuesday, citing a senior central bank official.
January 31, 2012 2:34
Saudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners.
January 29, 2012 3:58
EU foreign mins target Iranian oil revenues; Grace period to blunt initial impact; Debt woes complicate EU foreign policy
January 23, 2012 2:55
The UAE's central bank is not worried about inflation this year, predicting it could average around 2 percent, its governor Sultan Nasser al-Suweidi said on Monday.
January 23, 2012 2:40
Bank Nizwa, Al Izz to IPO by June, according to central bank sources, with Oman Arab Bank likely to lead the offering.
January 23, 2012 2:07
Oman has no plan to issue sovereign bonds in 2012; Worsening of Iran tensions could have severe impacts; UAE c.bank gov not worried about inflation
January 23, 2012 2:02The central bank of the United Arab Emirates has fended off an onslaught from hackers trying to bring down its website, the bank's head of information technology (IT) told Reuters on Sunday.
January 22, 2012 5:45
Saudi Arabia’s slight reshuffle of the OPEC cabinet may not send shockwaves in the oil ministry but it is may accelerate reform and market liberalisation
December 14, 2011 4:27Oman's government has approved plans to subsidise food staples to offset inflation, a government official at the Gulf sultanate's trade ministry said on Tuesday.
December 14, 2011 10:59
As Dubai does some serious housekeeping…there’s got to be some seriously review and fortification of the current processes for money lending and, yes, even traffic fines.
December 13, 2011 3:08Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases, a senior official said on Sunday.
December 11, 2011 6:28Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and a feared global recession, a senior central bank official said on Sunday.
December 11, 2011 6:20
EU may not be asking for UAE aid but the Emirates is looking at investing in Greece. Meanwhile the UAE resumes investing in US Treasury bonds at “reasonable” interest rates.
November 30, 2011 2:05
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
